Common use of ANNUITY OPTIONS Clause in Contracts

ANNUITY OPTIONS. Upon written election filed with the Company at its Annuity Service Center, all or part of the Contract Value may be applied to provide one of the following options or any Annuity Option that is mutually agreeable. The portion of the Contract Value which is in the Fixed Account immediately prior to the Annuity Date, applied to an annuity may be subject to a Market Value Adjustment. See ACCUMULATION PROVISIONS - MARKET VALUE ADJUSTMENT for further details. OPTION 1 - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant and there is no provision for a Death Benefit payable to the Beneficiary. OPTION 2 - JOINT AND SURVIVOR LIFE ANNUITY Monthly payments payable to the Payee during the joint lifetime of the Annuitant and a designated second person and during the lifetime of the survivor. If a reduced payment to the survivor is desired, Variable Annuity payments, will be determined using either one-half or two-thirds of the number of each type of Annuity Unit credited to the Certificate. Fixed monthly payments, will be equal to either one-half or two-thirds of the fixed monthly payment payable during the joint lifetime of the Annuitant and the designated second person. OPTION 3 - JOINT AND SURVIVOR LIFE ANNUITY - 120 MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the joint lifetime of the Annuitant and designated second person and continuing during the remaining lifetime of the survivor, with the guarantee that if, at the death of the survivor, payments have been made for less than 120 monthly periods, any remaining guaranteed annuity payments will be continued to the Beneficiary named on the Annuity Option Selection Form. In the event of death of the Annuitant and the designated second person under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining guaranteed annuity payments, if any, will be calculated and paid in one sum. OPTION 4 - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED An annuity payable monthly to the Payee during the lifetime of the Annuitant with the guarantee that if, at the death of the Annuitant, payments have been made for less than the 120 or 240 monthly periods, as selected, payments will be made in the same manner as provided under OPTION 3 above. In the event of death of the Annuitant under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining payments, if any, will be calculated and paid in one sum. OPTION 5 - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Fixed monthly payments payable to the Payee for any specified period of time (three (3) years or more, but not exceeding thirty (30) years), as elected. The election must be made for full twelve month periods. In the event of death of the Payee under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining payments, if any, will be calculated and paid in one sum. BASIS OF COMPUTATION The actuarial basis for the Table of Guaranteed Annuity Rates is the 1983a Annuity Mortality Table, without projection with interest at 3.5%. The Table of Guaranteed Annuity Rates does not include any applicable premium tax.

ANNUITY OPTIONS. Upon written election filed with the Company at its Annuity Service Center, all or part of the Contract Value may be applied to provide one of the following options or any Annuity Option that is mutually agreeable. The portion of the Contract Value which is in the Fixed Account immediately prior to the Annuity Date, Date applied to an annuity may be subject to a Market Value Adjustment. See ACCUMULATION PROVISIONS - MARKET VALUE ADJUSTMENT for further details. OPTION 1 - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant and there is no provision for a Death Benefit payable to the Beneficiary. OPTION 2 - JOINT AND SURVIVOR LIFE ANNUITY Monthly payments payable to the Payee during the joint lifetime of the Annuitant and a designated second person and during the lifetime of the survivor. If a reduced payment to the survivor is desired, Variable Annuity payments, payments will be determined using either one-half or two-thirds of the number of each type of Annuity Unit credited to the CertificateContract. Fixed monthly payments, payments will be equal to either one-half or two-thirds of the fixed monthly payment payable during the joint lifetime of the Annuitant and the designated second person. OPTION 3 - JOINT AND SURVIVOR LIFE ANNUITY - 120 MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the joint lifetime of the Annuitant and designated second person and continuing during the remaining lifetime of the survivor, with the guarantee that if, at the death of the survivor, payments have been made for less than 120 monthly periods, any remaining guaranteed annuity payments will be continued to the Beneficiary named on the Annuity Option Selection Form. In the event of death of the Annuitant and the designated second person under this option, the Certificate Contract provides that in certain circumstances, the discounted value of the remaining guaranteed annuity payments, if any, any will be calculated and paid in one sum. OPTION 4 - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED An annuity payable monthly to the Payee during the lifetime of the Annuitant with the guarantee that if, at the death of the Annuitant, payments have been made for less than the 120 or 240 monthly periods, as selected, payments will be made in the same manner as provided under OPTION 3 above. In the event of death of the Annuitant under this option, the Certificate Contract provides that in certain circumstances, the discounted value of the remaining payments, if any, will be calculated and paid in one sum. OPTION 5 - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Fixed monthly payments payable to the Payee for any specified period of time (three five (35) years or more, but not exceeding thirty (30) years), as elected. The election must be made for full twelve month periods. In the event of death of the Payee under this option, the Certificate Contract provides that in certain circumstances, the discounted value of the remaining payments, if any, will be calculated and paid in one sum. BASIS OF COMPUTATION The actuarial basis for the Table of Guaranteed Annuity Rates is the 1983a Annuity Mortality Table, without projection with interest at 3.5%. The Table of Guaranteed Annuity Rates does not include any applicable premium tax.

ANNUITY OPTIONS. Upon written election filed with the Company at its Annuity Service Center, all or part of the Contract Value may be applied to provide one of the following options or any Annuity Option that is mutually agreeable. The portion of the Contract Value which is in the Fixed Account immediately prior to the Annuity Date, applied to an annuity may be subject to a Market Value Adjustment. See ACCUMULATION PROVISIONS - MARKET VALUE ADJUSTMENT for further details. OPTION 1 - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant and there is no provision for a Death Benefit payable to the Beneficiary. OPTION 2 - JOINT AND SURVIVOR LIFE ANNUITY Monthly payments payable to the Payee during the joint lifetime of the Annuitant and a designated second person and during the lifetime of the survivor. If a reduced payment to the survivor is desired, Variable Annuity payments, payments to the survivor will be determined using either one-half or two-thirds of the number of each type of Annuity Unit credited to the Certificate. Fixed monthly payments, payments to the survivor will be equal to either one-half or two-thirds of the fixed monthly payment payable during the joint lifetime of the Annuitant and the designated second person. OPTION 3 - JOINT AND SURVIVOR LIFE ANNUITY - 120 MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the joint lifetime of the Annuitant and designated second person and continuing during the remaining lifetime of the survivor, with the guarantee that if, at the death of the survivor, payments have been made for less than 120 monthly periods, any remaining guaranteed annuity payments will be continued to the Beneficiary named on the Annuity Option Selection Form. In the event of death of the Annuitant and the designated second person under this option, the Certificate provides that Company shall in certain circumstancesmost instances, calculate the discounted value of the remaining guaranteed annuity payments, if any, will be calculated payments and paid pay them in one sum. OPTION 4 - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED An annuity payable monthly to the Payee during the lifetime of the Annuitant with the guarantee that if, at the death of the Annuitant, payments have been made for less than the 120 or 240 monthly periods, as selected, payments will be made in the same manner as provided under OPTION 3 above. In the event of death of the Annuitant under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining payments, if any, will be calculated and paid in one sum. OPTION 5 - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Fixed monthly payments payable to the Payee for any specified period of time (three (3) years or more, but not exceeding thirty (30) years), as elected. The election must be made for full twelve month periods. In the event of death of the Payee under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining payments, if any, will be calculated and paid in one sum. BASIS OF COMPUTATION The actuarial basis for the Table of Guaranteed Annuity Rates is the 1983a Annuity Mortality Table, without projection with interest at 3.5%. The Table of Guaranteed Annuity Rates does not include any applicable premium tax.event

ANNUITY OPTIONS. Upon written election filed with the Company at its Annuity Service Center, all or part The Annuitant may elect to have payments made under any of the Contract Value may be applied to provide one of the following options Options below or any Annuity other Option that which is mutually agreeable. The portion of the Contract Value which is in the Fixed Account immediately prior to the Annuity Date, applied to an annuity Payments may be subject to received on either a Market Value Adjustmentfixed or a variable basis, or both, except that payments under the Fifth Option must be made on a fixed basis. See ACCUMULATION PROVISIONS FIRST OPTION - MARKET VALUE ADJUSTMENT for further details. OPTION 1 - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant and there is no provision for a Death Benefit payable to the Beneficiary. OPTION 2 - JOINT AND SURVIVOR LIFE ANNUITY Monthly payments payable to the Payee during the joint lifetime of the Annuitant and a designated second person and during the lifetime of the survivor. If a reduced payment to the survivor is desired, Variable Annuity payments, will be determined using either one-half or two-thirds of the number of each type of Annuity Unit credited to the Certificate. Fixed monthly payments, will be equal to either one-half or two-thirds of the fixed monthly payment payable during the joint lifetime of the Annuitant and the designated second person. OPTION 3 - JOINT AND SURVIVOR LIFE ANNUITY - 120 MONTHLY PAYMENTS GUARANTEED Monthly payments An annuity payable to the Payee monthly during the joint lifetime of the Annuitant and designated second person and continuing during the remaining lifetime of the survivor, Annuitant's life. Payments shall cease with the guarantee that if, at last one due before the death of the survivor, payments have been made for less than 120 monthly periods, any remaining guaranteed annuity payments will be continued to the Beneficiary named on the Annuity Option Selection FormAnnuitant's death. In the event of death of the Annuitant and the designated second person under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining guaranteed annuity payments, if any, will be calculated and paid in one sum. SECOND OPTION 4 - LIFE ANNUITY WITH 120 60, 120, OR 240 180 MONTHLY PAYMENTS GUARANTEED - An annuity payable monthly to the Payee during the lifetime of the Annuitant with the guarantee that ifAnnuitant's life. If, at the death of the Annuitant, payments have been made for less than the 120 or 240 monthly periods, as number of months selected, payments will be made in to a Beneficiary for the same manner as provided under OPTION 3 above. In the event of death rest of the Annuitant guaranteed period. THIRD OPTION - UNIT REFUND LIFE ANNUITY - An annuity payable monthly during the Annuitant's life. Payments cease with the last one due before the Annuitant's death. At the Annuitant's death the Beneficiary may receive an additional payment. The payment under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining paymentsa Fixed Annuity, if any, will be calculated and paid in one sum. OPTION 5 - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Fixed monthly payments payable is equal to the Payee for any specified period of time (three (3) years or more, but not exceeding thirty (30) years), as elected. The election must be made for full twelve month periods. In the event of death of the Payee under this option, the Certificate provides that in certain circumstances, the discounted Fixed Annuity value of the remaining Participant's Account at the Annuity Date which has not previously been paid out in the form of annuity payments. The payment under a Variable Annuity, if any, will be calculated and is equal to the then current value of any Annuity Units which have not been paid out in one sumthe form of annuity payments. BASIS OF COMPUTATION The actuarial basis for number of Annuity Units at the Table of Guaranteed Annuity Rates Date is the 1983a total value applied to this Option divided by the Annuity Mortality Table, without projection Unit value used to calculate the first annuity payment. FOURTH OPTION - JOINT AND LAST SURVIVOR ANNUITY - An annuity payable monthly during the joint lives of the Annuitant and a named second person and thereafter during the life of the survivor. FIFTH OPTION - PAYMENTS FOR A DESIGNATED PERIOD - An annuity payable monthly for a selected number of years between three and thirty. Any Option chosen by the Annuitant must comply with interest at 3.5%. The Table of Guaranteed Annuity Rates does not include any applicable premium taxtax laws and regulations.

ANNUITY OPTIONS. Upon The Owner, or any Beneficiary who is so entitled, may elect to receive a lump sum at the end of the accumulation period. However, a lump-sum distribution may be deemed to be a withdrawal, and at least a portion of it may be subject to income tax. Alternatively, an Annuity Option may be elected. The Owner may, upon prior written election filed with notice to the Company at its Annuity Service Center, elect an Annuity Option at any time prior to the Annuity Date. A change of Annuity Options is permitted if made at least 7 days before the Annuity Date. If no other Annuity Option is elected, monthly annuity payments will be made in accordance with Option 3 below, a Life annuity with 120-month period certain. Annuity payments will be made in monthly, quarterly, semi-annual or annual installments as selected by the Owner. However, if the amount available to apply under an Annuity Option is less than $5,000, and state law permits, the Company has the right to pay the annuity in one lump sum. In addition, if the first payment provided would be less than $50, and state law permits, the Company shall have the right to require the frequency of payments be at quarterly, semiannual or annual intervals so as to result in an initial payment of at least $50. NO WITHDRAWALS OF CONTRACT VALUE ARE PERMITTED DURING THE ANNUITY PERIOD FOR ANY ANNUITY OPTION UNDER WHICH PAYMENTS ARE BEING MADE PURSUANT TO LIFE CONTINGENCIES. Upon written election filed with The Company at its Annuity Service Center, all or part of the Contract Value may will be applied to provide one of the following options or any Annuity Option that is mutually agreeableOptions. The portion of the Contract Value which is in the Fixed Guaranteed Account immediately prior to the Annuity Date, applied to an annuity may Annuity Option, will be subject to a Market Value Adjustment. See ACCUMULATION PROVISIONS - MARKET VALUE ADJUSTMENT for further detailsapplicable Interest Rate Adjustments. OPTION 1 - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Monthly payments INCOME An annuity payable to the Payee monthly during the lifetime of the Annuitant. No Under this option, no further payments are payable after the death of the Annuitant Annuitant, and there is no provision for a Death Benefit death benefit payable to the Beneficiary. Therefore, it is possible under Option 1 for the payee to receive only one monthly annuity payment under this Contract. OPTION 2 - JOINT AND SURVIVOR LIFE ANNUITY Monthly payments An annuity payable to the Payee during the joint lifetime of monthly while both the Annuitant and a designated second person and are living. Upon the death of either person, the monthly income payable will continue during the lifetime of the survivor. If a reduced payment to the survivor is desired, Variable Annuity payments, variable annuity payments will be determined using either one-half or two-thirds of the number of each type of Annuity Unit credited to the Certificatecredited. Fixed monthly payments, payments will be equal to either one-half or two-thirds of the fixed monthly payment payable during the joint lifetime life of the Annuitant and the designated second person. OPTION 3 - JOINT AND SURVIVOR LIFE ANNUITY - 120 MONTHLY PAYMENTS GUARANTEED Monthly Annuity payments payable to the Payee during the joint lifetime of the Annuitant terminate automatically and designated second person and continuing during the remaining lifetime of the survivor, with the guarantee that if, at immediately upon the death of the survivor, payments have been made for less than 120 monthly periods, any remaining guaranteed annuity payments will be continued surviving person without regard to the Beneficiary named on the Annuity Option Selection Formnumber or total amount of payments received. In the event There is no minimum number of death of guaranteed payments, and it is possible to have only one annuity payment if both the Annuitant and the designated second person under this option, die before the Certificate provides that in certain circumstances, the discounted value due date of the remaining guaranteed annuity payments, if any, will be calculated and paid in one sumsecond payment. OPTION 4 3 - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED An annuity payable monthly to the Payee during the lifetime of the Annuitant with the guarantee that if, at the death of the Annuitant, payments have been made for less fewer than the guaranteed 120 or 240 monthly periods, as selectedelected by the Owner, the balance of the guaranteed number of payments will be made in to the same manner as provided under OPTION 3 above. In the event of death of the Annuitant under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining payments, if any, will be calculated and paid in one sumBeneficiary. OPTION 5 4 - FIXED PAYMENTS INCOME FOR A SPECIFIED PERIOD CERTAIN Fixed Under this option, a payee can elect an annuity payable monthly payments payable to the Payee for any specified period of time (three (3) years or more, but not exceeding thirty (from 5 to 30) years), as elected. The This election must be made for full twelve 12-month periods. In the event the payee dies before the specified number of death of the Payee under this optionpayments has been made, the Certificate provides that in certain circumstances, Beneficiary may elect to continue receiving the scheduled payments or may alternatively elect to receive the discounted present value of the any remaining payments, if any, will be calculated and paid guaranteed payments in one a lump sum. BASIS OF COMPUTATION The actuarial basis for ADDITIONAL OPTIONS. Other Annuity Options may be made available by the Table of Guaranteed Annuity Rates is the 1983a Annuity Mortality Table, without projection with interest at 3.5%. The Table of Guaranteed Annuity Rates does not include any applicable premium taxCompany.

ANNUITY OPTIONS. Upon written election filed with the Company at its The Contract Owner may choose periodic fixed and/or variable Annuity Service Center, all or part of the Contract Value may be applied to provide Payments under any one of the following options or any Annuity Option that is mutually agreeableOptions described below. The portion Company may consent to other plans of the Contract Value which is in the Fixed Account immediately prior to payment before the Annuity Date. The following Annuity Options are available: Annuity Option A - Life Income Periodic payments will be made as long as the Annuitant lives. Annuity Option B - Life Income with Period Certain Periodic payments will be made for a guaranteed period, applied to an annuity or as long as the Annuitant lives, whichever is longer. The guaranteed period may be subject five (5), ten (10) or twenty (20) years. If the Beneficiary does not desire payments to continue for the remainder of the guaranteed period, he/she may elect to have the present value of the guaranteed annuity payments remaining commuted and paid in a Market Value Adjustmentlump sum. See ACCUMULATION PROVISIONS Annuity Option C - MARKET VALUE ADJUSTMENT for further details. OPTION 1 - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Monthly Joint and Last Survivor Payments Periodic payments payable to will be made during the Payee joint lifetime of two Annuitants continuing in the same amount during the lifetime of the surviving Annuitant. No further Annuity Option D - Joint and 2/3 Survivor Annuity Periodic payments are payable after the death of the Annuitant and there is no provision for a Death Benefit payable to the Beneficiary. OPTION 2 - JOINT AND SURVIVOR LIFE ANNUITY Monthly payments payable to the Payee will be made during the joint lifetime of the Annuitant and a designated second person and two Annuitants. Payments will continue during the lifetime of the survivor. If a reduced payment to the survivor is desired, Variable Annuity payments, surviving Annuitant and will be determined using either one-half or two-thirds computed on the basis of two_thirds of the number of each type of Annuity Unit credited to the Certificate. Fixed monthly payments, will be equal to either one-half annuity payment (or two-thirds of the fixed monthly payment payable Units) in effect during the joint lifetime of the Annuitant and the designated second personlifetime. OPTION 3 - JOINT AND SURVIVOR LIFE ANNUITY - 120 MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the joint lifetime of the Annuitant and designated second person and continuing during the remaining lifetime of the survivor, with the guarantee that if, at the death of the survivor, payments have been made for less than 120 monthly periods, any remaining guaranteed annuity payments will be continued to the Beneficiary named on the Annuity Option Selection Form. In the event of death of the Annuitant and the designated second person under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining guaranteed annuity payments, if any, will be calculated and paid in one sum. OPTION 4 E - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED An annuity payable monthly to the Payee during the lifetime of the Annuitant with the guarantee that if, at the death of the Annuitant, payments have been made for less than the 120 or 240 monthly periods, as selected, Period Certain Periodic payments will be made in the same manner as provided under OPTION 3 abovefor a specified period. In the event of death of the Annuitant under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining payments, if any, will be calculated and paid in one sum. OPTION 5 - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Fixed monthly payments payable to the Payee for any The specified period of time must be at least five (three (35) years or more, but and cannot exceeding be more than thirty (30) years), as elected. The election must be made If the Contract Owner does not desire payments to continue for full twelve month periods. In the event of death remainder of the Payee under this optionguaranteed period, he/she may elect to have the Certificate provides that in certain circumstances, the discounted present value of the remaining payments, if any, will be calculated payments commuted and paid in one suma lump sum or as an Annuity Option purchased at the date of such election. BASIS OF COMPUTATION Annuity Option F - Special Income Settlement Agreement The actuarial basis for Company will pay the Table of Guaranteed Annuity Rates is proceeds in accordance with terms agreed upon in writing by the 1983a Annuity Mortality Table, without projection with interest at 3.5%Contract Owner and the Company. The Table of Guaranteed Annuity Rates does not include any applicable premium tax.ANNUITY RATES

ANNUITY OPTIONS. Upon written election filed LIFE ANNUITY - An Annuity payable during the lifetime of the Annuitant, ceasing with the Company at its Annuity Service Center, all or part of the Contract Value may be applied to provide one of the following options or any Annuity Option that is mutually agreeable. The portion of the Contract Value which is in the Fixed Account immediately last payment due prior to the death of the Annuitant. LIFE ANNUITY WITH A CASH REFUND - An Annuity Date, applied to an annuity may be subject to a Market Value Adjustment. See ACCUMULATION PROVISIONS - MARKET VALUE ADJUSTMENT for further details. OPTION 1 - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the lifetime of the Annuitant. No further payments are payable after At the death of the Annuitant and there is no provision for a Death Benefit payable Annuitant, any remaining value will be paid to the BeneficiaryBeneficiary in a single lump sum. OPTION 2 - JOINT AND SURVIVOR The remaining value equals the Contract Value applied on the Annuity Commencement Date, minus the dollar amount of Annuity payments already paid and Premium Taxes. LIFE ANNUITY Monthly payments WITH PAYMENTS FOR A PERIOD CERTAIN (5 years to 100 years minus Annuitant's age) - An Annuity payable to the Payee during the joint lifetime xxx x xxxed number of the Annuitant and a designated second person years and during the lifetime of the survivorAnnuitant. If a reduced payment to the survivor is desired, Variable Annuity payments, will be determined using either one-half or two-thirds of the number of each type of Annuity Unit credited to the Certificate. Fixed monthly payments, will be equal to either one-half or two-thirds of the fixed monthly payment payable during the joint lifetime of the Annuitant and the designated second person. OPTION 3 - JOINT AND SURVIVOR LIFE ANNUITY - 120 MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the joint lifetime of the Annuitant and designated second person and continuing during the remaining lifetime of the survivor, with the guarantee that if, at the death of the survivor, payments have been made for less than 120 monthly periods, any remaining guaranteed annuity payments will be continued to the Beneficiary named on the Annuity Option Selection Form. In the event of death of the Annuitant and the designated second person under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining guaranteed annuity payments, if any, will be calculated and paid in one sum. OPTION 4 - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED An annuity payable monthly to the Payee during the lifetime of the Annuitant with the guarantee that ifIf, at the death of the Annuitant, payments have been made for less than the 120 or 240 monthly periods, as period selected, the remaining payments will be made to the Beneficiary or the Beneficiary can elect to receive the present value of the remaining payments in a single lump sum. To calculate the same manner as provided under OPTION 3 abovepresent value We will use an interest rate We determine in Our discretion. In JOINT AND LAST SURVIVOR LIFE ANNUITY - An Annuity payable during the event of death joint lifetime of the Annuitant under and a Joint Annuitant, and thereafter during the remaining lifetime of the survivor Annuitant. At the time of electing this option, the Certificate provides that in certain circumstancesContract Owner may elect reduced payments over the remaining lifetime of the survivor Annuitant. Payments will cease with the last payment prior to the death of the survivor. JOINT AND LAST SURVIVOR LIFE ANNUITY WITH PAYMENTS FOR A PERIOD CERTAIN (5 years to 100 years-age) - An Annuity payable for a fixed number of years and during the lifetimes of the Annuitant and the Joint Annuitant and thereafter during the remaining lifetime of the survivor. At the time of electing this Annuity Option, the discounted Contract Owner may elect reduced payments over the remaining lifetime of the survivor. If, at the death of the last surviving Annuitant, payments have been made for less than the period selected, the remaining payments will be made to the Beneficiary, or the Beneficiary can elect to receive the present value of the remaining payments, if any, will be calculated and paid payments in one a single lump sum. OPTION 5 - FIXED To calculate the present value We will use an interest rate We determine in Our discretion. PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Fixed monthly payments (5 years to 100 years minus Annuitant's age) - An Annuity payable to the Payee for any specified a fixed number of years with period of time (three (3) 10 years or more, but not exceeding thirty (30) years), as electedgreater available at any time and periods of 5 to 10 years available on or after the second Contract Year. The election must Payments will be made for full twelve month periodsthe period and frequency selected. In If, at the event of death of the Payee under this optionAnnuitant, payments have been made for less than the period selected, the Certificate provides that in certain circumstances, remaining payments will be made to the discounted Beneficiary or the Beneficiary can elect to receive the present value of the remaining payments, if any, will be calculated and paid payments in one a single lump sum. BASIS OF COMPUTATION The actuarial basis for To calculate the Table of Guaranteed Annuity Rates is the 1983a Annuity Mortality Table, without projection with present value We will use an interest at 3.5%rate We determine in Our discretion. The Table of Guaranteed Annuity Rates does not include any applicable premium tax.ANNUITY TABLES

ANNUITY OPTIONS. Upon written election filed with the Company at its Annuity Service Center, all or part The Participant may elect to have payments made under any of the Contract Value may be applied to provide one of the following options below or any Annuity Option that other option which is mutually agreeable. The portion of the Contract Value which is in the Fixed Account immediately prior to the Annuity Date, applied to an annuity Payments may be subject to received on either a Market Value Adjustmentfixed or a variable basis, or both, except that payments under the Fifth Option must be made on a fixed basis. See ACCUMULATION PROVISIONS FIRST OPTION - MARKET VALUE ADJUSTMENT for further details. OPTION 1 - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant and there is no provision for a Death Benefit payable to the Beneficiary. OPTION 2 - JOINT AND SURVIVOR LIFE ANNUITY Monthly payments payable to the Payee during the joint lifetime of the Annuitant and a designated second person and during the lifetime of the survivor. If a reduced payment to the survivor is desired, Variable Annuity payments, will be determined using either one-half or two-thirds of the number of each type of Annuity Unit credited to the Certificate. Fixed monthly payments, will be equal to either one-half or two-thirds of the fixed monthly payment payable during the joint lifetime of the Annuitant and the designated second person. OPTION 3 - JOINT AND SURVIVOR LIFE ANNUITY - 120 MONTHLY PAYMENTS GUARANTEED Monthly payments An annuity payable to the Payee monthly during the joint lifetime of the Annuitant and designated second person and continuing during the remaining lifetime of the survivor, Annuitant's life. Payments shall cease with the guarantee that if, at last one due before the death of the survivor, payments have been made for less than 120 monthly periods, any remaining guaranteed annuity payments will be continued to the Beneficiary named on the Annuity Option Selection FormAnnuitant's death. In the event of death of the Annuitant and the designated second person under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining guaranteed annuity payments, if any, will be calculated and paid in one sum. SECOND OPTION 4 - LIFE ANNUITY WITH 120 60, 120, OR 240 180 MONTHLY PAYMENTS GUARANTEED - An annuity payable monthly to the Payee during the lifetime of the Annuitant with the guarantee that ifAnnuitant's life. If, at the death of the Annuitant, payments have been made for less than the 120 or 240 monthly periods, as number of months selected, payments will be made in to a Beneficiary for the same manner as provided under OPTION 3 above. In the event of death rest of the Annuitant guaranteed period. THIRD OPTION - UNIT REFUND LIFE ANNUITY - An annuity payable monthly during the Annuitant's life. Payments cease with the last one due before the Annuitant's death. At the Annuitant's death the Beneficiary may receive an additional payment. The payment under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining paymentsa Fixed Annuity, if any, will be calculated and paid in one sum. OPTION 5 - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Fixed monthly payments payable is equal to the Payee for any specified period of time (three (3) years or more, but not exceeding thirty (30) years), as elected. The election must be made for full twelve month periods. In the event of death of the Payee under this option, the Certificate provides that in certain circumstances, the discounted Fixed Annuity value of the remaining Participant's Account at the Annuity Date which has not previously been paid out in the form of annuity payments. The payment under a Variable Annuity, if any, will be calculated and is equal to the then current value of any Annuity Units which have not been paid out in one sumthe form of annuity payments. BASIS OF COMPUTATION The actuarial basis for number of Annuity Units at the Table of Guaranteed Annuity Rates Date is the 1983a total value applied to this option divided by the Annuity Mortality Table, without projection Unit value used to calculate the first annuity payment. FOURTH OPTION - JOINT AND LAST SURVIVOR ANNUITY - An annuity payable monthly during the joint lives of the Annuitant and a named second person and thereafter during the life of the survivor. FIFTH OPTION - PAYMENTS FOR A DESIGNATED PERIOD - An annuity payable monthly for a selected number of years between three and thirty. Any option chosen by the Participant must comply with interest at 3.5%. The Table of Guaranteed Annuity Rates does not include any applicable premium taxtax laws and regulations.

ANNUITY OPTIONS. Upon written election filed with the Company at its FIRST OPTION - Life Annuity Service Center, all or part of the Contract Value may be applied to provide one of the following options or any Annuity Option that is mutually agreeable. The portion of the Contract Value which is in the Fixed Account immediately prior to the Annuity Date, applied to an - An annuity may be subject to a Market Value Adjustment. See ACCUMULATION PROVISIONS - MARKET VALUE ADJUSTMENT for further details. OPTION 1 - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee monthly during the lifetime of the Annuitant. No further payments are payable after , ceasing with the last payment due prior to the death of the Annuitant. SECOND OPTION - Life Annuity with 120, 180 or 240 Monthly Payments Certain - An annuity providing monthly income to the Annuitant and there is no provision for a Death Benefit payable to the Beneficiary. OPTION 2 - JOINT AND SURVIVOR LIFE ANNUITY Monthly payments payable to the Payee during the joint lifetime fixed period of 120 months, 180 months, or 240 months (as selected), and for as long thereafter as the Annuitant and a designated second person and during the lifetime of the survivorshall live. If a reduced payment to the survivor is desired, Variable Annuity payments, will be determined using either one-half or two-thirds of the number of each type of Annuity Unit credited to the Certificate. Fixed monthly payments, will be equal to either one-half or two-thirds of the fixed monthly payment payable during the joint lifetime of the Annuitant and the designated second person. OPTION 3 - JOINT AND SURVIVOR LIFE ANNUITY - 120 MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the joint lifetime of the Annuitant and designated second person and continuing during the remaining lifetime of the survivor, with the guarantee that if, at the death of the survivor, payments have been made for less than 120 monthly periods, any remaining guaranteed annuity payments will be continued to the Beneficiary named on the Annuity Option Selection Form. In the event of death of the Annuitant and the designated second person under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining guaranteed annuity payments, if any, will be calculated and paid in one sum. OPTION 4 - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED An annuity payable monthly to the Payee during the lifetime of the Annuitant with the guarantee that if, at the death of the Annuitant, payments have been made for less than the 120 or 240 minimum elected number of months, then any remaining guaranteed monthly periods, as selected, payments will be paid to the Beneficiary unless other provisions have been made in and approved by the same manner as provided under Company. THIRD OPTION 3 above. In - Unit Refund Life Annuity - An annuity payable monthly during the event lifetime of the Annuitant, ceasing with the last payment due prior to the death of the Annuitant under this optionAnnuitant, provided that, at the death of the Annuitant, the Certificate provides that in certain circumstances, beneficiary will receive an additional payment of the discounted then dollar value of the remaining paymentsnumber of Annuity Units equal to the excess, if any, will be calculated of (a) over (b) where (a) is the total amount applied under the option divided by the Annuity Unit value at the effective date of annuity payments and paid in one sum(b) is the number of Annuity Units represented by each payment multiplied by the number of payments made. HL-15420 SPECIMEN FOURTH OPTION 5 - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Fixed Joint and Last Survivor Life Annuity - An annuity payable monthly payments payable during the joint lifetime of the Annuitant and a secondary Annuitant, and thereafter during the remaining lifetime of the survivor, ceasing with the last payment prior to the Payee for any specified period of time (three (3) years or more, but not exceeding thirty (30) years), as elected. The election must be made for full twelve month periods. In the event of death of the Payee under this option, survivor. FIFTH OPTION- Payments for a Designated Period - An amount payable monthly for the Certificate provides that in certain circumstances, number of years selected which may be from 5 to 30 years. Any other payment options mutually agreed upon by the discounted value Company and the Contract Owner. Under any of the remaining paymentsannuity options above, if anyexcept the Fifth Option when paid on a variable basis, no surrenders are permitted once payments commence. Surrenders out of the Fifth Option will be calculated and paid in one sum. BASIS OF COMPUTATION The actuarial basis for the Table of Guaranteed Annuity Rates is the 1983a Annuity Mortality Table, without projection with interest at 3.5%. The Table of Guaranteed Annuity Rates does not include subject to any applicable premium taxContingent Deferred Sales Charge.

ANNUITY OPTIONS. Upon written election filed FIRST OPTION -- Life Annuity -- An annuity payable monthly during the lifetime of payee, ceasing with the Company at its Annuity Service Center, all or part of the Contract Value may be applied to provide one of the following options or any Annuity Option that is mutually agreeable. The portion of the Contract Value which is in the Fixed Account immediately last payment due prior to the death of the payee. SECOND OPTION -- Life Annuity Datewith 120, applied to an 180 or 240 Monthly Payments Certain -- An annuity may be subject to a Market Value Adjustment. See ACCUMULATION PROVISIONS - MARKET VALUE ADJUSTMENT for further details. OPTION 1 - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Monthly payments payable providing monthly income to the Payee payee for a fixed period of 120 months, 180 months, or 240 months (as selected), and for as long thereafter as the payee shall live. THIRD OPTION -- Unit Refund Life Annuity -- An annuity payable monthly during the lifetime of the Annuitant. No further payments are payable after payee, ceasing with the last payment due prior to the death of the Annuitant and there is no provision for a Death Benefit payable payee, provided that, at the death of the payee, the beneficiary will receive an additional payment of the then dollar value of the number of Annuity Units equal to the Beneficiaryexcess, if any, of (1) over (b) where (a) is the total amount applied under the option divided by the Annuity Unit value at the effective date of annuity payments and (b) is the number of Annuity Units represented by each payment multiplied by the number of payments made. FOURTH OPTION 2 - JOINT AND SURVIVOR LIFE ANNUITY Monthly payments -- Joint and Last Survivor Life Annuity -- An annuity payable to the Payee monthly during the joint lifetime of the Annuitant payee and a designated second person secondary payee, and during the lifetime of the survivor. If a reduced payment to the survivor is desired, Variable Annuity payments, will be determined using either one-half or two-thirds of the number of each type of Annuity Unit credited to the Certificate. Fixed monthly payments, will be equal to either one-half or two-thirds of the fixed monthly payment payable during the joint lifetime of the Annuitant and the designated second person. OPTION 3 - JOINT AND SURVIVOR LIFE ANNUITY - 120 MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the joint lifetime of the Annuitant and designated second person and continuing thereafter during the remaining lifetime of the survivor, ceasing with the guarantee that if, at last payment prior to the death of the survivor. FIFTH OPTION -- Payments for a Designated Period -- An amount payable monthly for the number of years selected which may be from 3 to 30 years. ANNUITY TABLE The attached Tables show the dollar amount of the first monthly payments for each $1,000 applied under the first five options. Under the First, payments have been made Second, or Third Options, the amount of each payment will depend upon the age of the payee at the time the first payment is due. Under the Fourth Option, the Amount of each payment will depend upon the ages of both payees at the time the first payment is due. The Tables for less than 120 monthly periodsthe First, any remaining guaranteed annuity payments will be continued to the Beneficiary named Second, Third and Fourth Options are based on the 1983 Table a for Individual Annuity Mortality set back one year and a net investment rate of 4% per annum. The Table for the Fifth Option Selection Formis based on a net investment rate of 4% per annum. In the event of death of the Annuitant AMOUNT OF FIRST MONTHLY PAYMENT FOR EACH $1,000 APPLIED Second and the designated second person under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining guaranteed subsequent monthly annuity payments, if anywhen based on the investment experience of a Separate Account, will be calculated are variable and paid in one sumare not guaranteed as to fixed dollar amount. OPTION 4 - FIRST, SECOND AND THIRD OPTIONS -- SINGLE LIFE ANNUITY WITH 120 OR 240 ANNUITIES WITH: UNISEX PAYEE PAYEE'S MONTHLY PAYMENTS GUARANTEED An annuity payable monthly to the Payee during the lifetime of the Annuitant with the guarantee that if, at the death of the Annuitant, payments have been made for less than the AGE NONE 120 or 180 240 monthly periods, as selected, payments will be made in the same manner as provided under REFUND ------------------------------------------------------------------------- 35 $3.94 $3.94 $3.93 $3.92 $3.91 40 4.11 4.10 4.09 4.07 4.07 45 4.33 4.31 4.29 4.25 4.25 50 4.61 4.58 4.54 4.48 4.50 51 4.68 4.64 4.59 4.53 4.54 52 4.75 4.70 4.65 4.58 4.60 53 4.82 4.77 4.71 4.63 4.66 54 4.89 4.84 4.78 4.69 4.73 55 4.98 4.92 4.85 4.74 4.79 56 5.06 5.00 4.92 4.80 4.86 57 5.15 5.08 4.99 4.86 4.94 58 5.25 5.17 5.07 4.92 5.02 59 5.35 5.26 5.14 4.98 5.09 60 5.46 5.36 5.23 5.05 5.20 61 5.58 5.46 5.31 5.11 5.27 62 5.70 5.57 5.40 5.18 5.38 63 5.84 5.68 5.49 5.24 5.48 64 5.98 5.80 5.59 5.30 5.60 65 6.13 5.93 5.69 5.37 5.73 66 6.30 6.06 5.78 5.43 5.86 67 6.48 6.20 5.88 5.49 5.97 68 6.66 6.35 5.99 5.55 6.13 69 6.87 6.50 6.09 5.60 6.29 70 7.08 6.66 6.19 5.65 6.47 71 7.32 6.82 6.29 5.70 6.63 72 7.57 6.99 6.39 5.75 6.85 73 7.84 7.16 6.49 5.79 7.02 74 8.13 7.34 6.58 5.82 7.27 75 8.44 7.52 6.67 5.85 7.49 76 8.78 7.70 6.75 5.88 7.62 77 9.14 7.89 6.83 5.91 7.98 78 9.53 8.07 6.91 5.93 8.32 79 9.95 8.25 6.97 5.94 8.83 80 10.41 8.43 7.03 5.96 8.96 FOURTH OPTION 3 above. In the event of death of the Annuitant under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining payments, if any, will be calculated and paid in one sum. -- JOINT AND LAST SURVIVOR ANNUITY FIRST PXXXX'S AGE OF SECOND PAYEE AGE 40 45 50 55 60 65 ------------------------------------------------------------------------------------------------------------------- 40 $3.73 45 3.78 3.86 50 3.83 3.93 $4.04 55 3.87 4.00 4.13 $4.27 60 3.91 4.06 4.22 4.39 $4.57 65 3.94 4.10 4.29 4.51 4.74 $4.99 70 3.96 4.14 4.35 4.60 4.90 5.23 75 3.98 4.16 4.39 4.67 5.02 5.44 80 3.99 4.19 4.43 4.73 5.12 5.60 FIRST PAYEE'S AGE OF SECOND PAYEE AGE 70 75 80 -------- ------------------------------------------ 40 45 50 55 60 65 70 $5.57 75 5.90 $6.40 80 6.20 6.87 $7.58 FIFTH OPTION 5 - FIXED -- PAYMENTS FOR A SPECIFIED DESIGNATED PERIOD CERTAIN Fixed monthly payments payable to the Payee for any specified period of time (three (3) years or more, but not exceeding thirty (30) years), as elected. The election must be made for full twelve month periods. In the event of death of the Payee under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining payments, if any, will be calculated and paid in one sum. BASIS AMOUNT OF COMPUTATION The actuarial basis for the Table of Guaranteed Annuity Rates is the 1983a Annuity Mortality Table, without projection with interest at 3.5%. The Table of Guaranteed Annuity Rates does not include any applicable premium tax.AMOUNT OF AMOUNT OF NO OF MONTHLY NO OF MONTHLY NO OF MONTHLY YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS ---------------------------------------------------------------------------------------------------- 6 $15.56 11 $9.31 7 13.59 12 8.69 3 $29.40 8 12.12 13 8.17 4 22.47 9 10.97 14 7.72 5 18.32 10 10.06 15 7.34 AMOUNT OF AMOUNT OF AMOUNT OF NO OF MONTHLY NO OF MONTHLY NO OF MONTHLY YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS -- ---------------------------------------------------------------------------------------------- 16 $7.00 21 $5.81 26 $5.10 17 6.71 22 5.64 27 5.00 18 6.44 23 5.49 28 4.90 19 6.21 24 5.35 29 4.80 20 6.00 25 5.22 30 4.72 hvl-14,000

ANNUITY OPTIONS. Upon written election filed with the Company at its Annuity Service Center, all or part of the Contract Value may be applied to provide one of the following options or any Annuity Option that is mutually agreeable. The portion of the Contract Value which is in the Fixed Account immediately prior to the Annuity Date, applied to FIRST OPTION We will pay an annuity may be subject to a Market Value Adjustment. See ACCUMULATION PROVISIONS - MARKET VALUE ADJUSTMENT income for further details. OPTION 1 - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the lifetime of the Annuitant. No further payments are payable after , ceasing with the last payment due prior to the death of the Annuitant and there is no provision Annuitant. SECOND OPTION We will pay an income for a Death Benefit payable to the Beneficiary. OPTION 2 - JOINT AND SURVIVOR LIFE ANNUITY Monthly payments payable to the Payee during the joint lifetime of the Annuitant and a designated second person and during the lifetime of the survivor. If a reduced payment to the survivor is desired, Variable Annuity payments, will be determined using either one-half or two-thirds of the number of each type of Annuity Unit credited to the Certificate. Fixed monthly payments, will be equal to either one-half or two-thirds of the fixed monthly payment payable during the joint lifetime of the Annuitant and the designated second person. OPTION 3 - JOINT AND SURVIVOR LIFE ANNUITY - 120 MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the joint lifetime of the Annuitant and designated second person and continuing during the remaining lifetime of the survivorAnnuitant, with the guarantee that if, we will make payments for at least 10 or 20 years. You select either the death of the survivor, payments have been made for less than 120 monthly periods, any remaining guaranteed annuity payments will be continued to the Beneficiary named on the Annuity Option Selection Form10 or 20 year guarantee period. In the event of death of the Annuitant and the designated second person under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining guaranteed annuity payments, if any, will be calculated and paid in one sum. OPTION 4 - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED An annuity payable monthly to the Payee during the lifetime of the Annuitant with the guarantee that if, at the death of the Annuitant, If payments have been made for less than the 120 10 or 240 monthly periods20 year guarantee period at the Annuitant's death, as selectedwe will pay the balance of the guaranteed payments to the Beneficiary or Beneficiaries for the rest of the guaranteed period. If the guaranteed payments have been paid, the payments will be made in stop with the same manner as provided under last payment due before the Annuitant's death. THIRD OPTION 3 aboveJoint and Survivor Life Annuity - We will pay an income during the joint lifetime of two Annuitants. In After the event death of one of the Annuitants, we will continue the payments for the lifetime of the surviving Annuitant. The payments will stop with the last payment due before the death of the last surviving Annuitant. OTHER OPTIONS May be available with our consent. ANNUITY TABLES DESCRIPTION OF TABLES The attached tables show the minimum dollar amount of the first monthly payment for each $1,000 applied under the first, second and third annuity options. Under the first or second options, the amount of each payment will depend upon the adjusted age and sex of the Annuitant under this at the time the first payment is due. Under the third option, the Certificate provides that in certain circumstances, amount of each payment will depend upon the discounted value sex of both Annuitants and their adjusted ages at the time the first payment is due. The adjusted age of the remaining Annuitant is determined by calculating the age at the nearest birthday of the Annuitant on the annuity start date and subtracting a number that depends on the year in which the annuity start date belongs: Annuity Start Date Adjusted Age is Age Minus0 Before 2001 0 2001 to 2010 1 2011 to 2020 2 2021 to 2030 3 2031 to 2040 4 After 2040 5 Once the Owner has elected an annuity option, that election may not be changed with respect to any Annuitant following the commencement of annuity payments, if any, will be calculated and paid . MINIMUM PAYMENT The option elected must result in one sum. OPTION 5 - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Fixed monthly payments payable a payment that is at least equal to the Payee for minimum payment amount according to our rules then in effect. If at any specified period of time (three (3) years or moretime, but not exceeding thirty (30) years), as elected. The election must payments to be made to any payee are or become less than the minimum payment amount, we have the right to change the frequency of payment to such interval as will result in a payment at least equal to the minimum. If any amount due would be less than the minimum payment amount per year, we may make such other settlement as may be equitable to the payee. GUARANTEED ANNUITY TABLES Monthly Payments for full twelve month periodsEach $1000 Applied OPTION 1 OPTION 2 LIFE INCOME LIFE INCOME ------------------------ ------------------------------------------------------ 120 Payments Guaranteed 240 Payments Guaranteed AGE Male Female Male Female Male Female --- ---- ------ ---- ------ ---- ------ 55 4.20 3.89 4.15 3.86 3.98 3.77 56 4.29 3.97 4.23 3.94 4.04 3.83 57 4.39 4.05 4.32 4.02 4.11 3.90 58 4.49 4.14 4.42 4.10 4.18 3.97 59 4.60 4.23 4.52 4.19 4.24 4.03 60 4.72 4.33 4.63 4.28 4.31 4.10 61 4.84 4.43 4.74 4.38 4.38 4.17 62 4.98 4.55 4.85 4.48 4.45 4.25 63 5.12 4.66 4.98 4.59 4.51 4.32 64 5.27 4.79 5.10 4.71 4.58 4.39 65 5.43 4.93 5.24 4.83 4.64 4.47 66 5.61 5.07 5.38 4.95 4.71 4.54 67 5.79 5.23 5.52 5.09 4.77 4.62 68 5.99 5.39 5.68 5.23 4.83 4.69 69 6.20 5.57 5.83 5.38 4.88 4.75 70 6.42 5.78 5.99 5.54 4.93 4.82 71 6.66 5.97 6.16 5.71 4.98 4.88 72 6.92 6.20 6.33 5.88 5.02 4.94 73 7.19 6.44 6.50 6.06 5.06 4.99 74 7.48 6.70 6.68 6.25 5.10 5.04 75 7.79 6.99 6.86 6.44 5.13 5.08 76 8.12 7.30 7.04 6.64 5.16 5.12 77 8.48 7.63 7.22 6.84 5.18 5.15 78 8.86 7.99 7.39 7.05 5.20 5.18 79 9.27 8.38 7.57 7.25 5.22 5.20 80 9.71 8.81 7.74 7.45 5.24 5.22 81 10.18 9.28 7.91 7.65 5.25 5.24 82 10.69 9.78 8.07 7.85 5.26 5.25 83 11.22 10.32 8.22 8.03 5.27 5.26 84 11.79 10.91 8.36 8.20 5.27 5.27 85 12.41 11.55 8.49 8.36 5.28 5.27 86 13.06 12.23 8.62 8.50 5.28 5.28 87 13.75 12.97 8.73 8.64 5.28 5.28 88 14.49 13.75 8.83 8.76 5.28 5.28 89 15.28 14.59 8.93 8.86 5.28 5.28 90 16.11 15.46 9.01 8.95 5.28 5.28 91 17.00 16.38 9.08 9.04 5.29 5.29 92 17.94 17.34 9.15 9.11 5.29 5.29 93 18.94 18.35 9.21 9.17 5.29 5.29 94 20.01 19.39 9.26 9.23 5.29 5.29 95 21.16 20.49 9.30 9.28 5.29 5.29 OPTION 3 JOINT LIFE ANNUITY WITH 100% TO SURVIVOR - MALE AND FEMALE JOINT ANNUITANTS MALE FEMALE AGE AGE 55 60 65 70 75 80 85 90 95 --------------------------------------------------------------------------------------------------------------------------- 55 3.51 3.68 3.83 3.95 4.04 4.11 4.15 4.17 4.18 60 3.62 3.85 4.07 4.27 4.43 4.54 4.62 4.66 4.69 65 3.71 4.00 4.30 4.60 4.87 5.08 5.23 5.32 5.37 70 3.78 4.11 4.50 4.92 5.34 5.71 5.99 6.18 6.28 75 3.82 4.19 4.65 5.20 5.79 6.38 6.89 7.25 7.47 80 3.85 4.25 4.76 5.41 6.19 7.05 7.87 8.53 8.98 85 3.87 4.28 4.83 5.55 6.49 7.62 8.84 9.95 10.79 90 3.88 4.30 4.87 5.64 6.69 8.06 9.69 11.35 12.75 95 3.88 4.32 4.90 5.70 6.82 8.37 10.36 12.60 14.70 FARMERS NEW WORLD LIFE INSURANCE COMPANY Contract Specifications OWNER CONTRACT NUMBER ANNUITANT ISSUE DATE ISSUE AGE 48 ANNUITY START DATE SEX FEMALE MONTHLY DUE DATE 5 VARIABLE ACCOUNT: FARMERS NEW WORLD LIFE VARIABLE ANNUITY SEPARATE ACCOUNT "A" INITIAL PREMIUM: $12,000.00 MINIMUM SUBSEQUENT $500.00, OR $50.00 FOR PAYMENTS DRAWN BY US PREMIUM PAYMENT: ON YOUR ACCOUNT VIA PAPER OR ELECTRONIC DEBIT. In the event of death of the Payee under this optionCUMULATIVE PREMIUM $1,000,000 LIMIT: RECORDS MAINTENANCE $30 (OR $0 IF CONTRACT VALUE AT THE TIME THE CHARGE (ANNUAL): CHARGE IS MADE IS AT LEAST $50,000) MORTALITY AND EXPENSE RISK 0.95% (ON AN ANNUAL BASIS) OF THE DAILY NET CHARGE: ASSETS OF THE VARIABLE ACCOUNT. ADMINISTRATIVE COST 0.20% (ON AN ANNUAL BASIS) OF THE DAILY NET CHARGE: ASSETS OF THE VARIABLE ACCOUNT. NO PREMIUM TAXES APPLY TO WASHINGTON CONTRACTS. 2000-398 NONPARTICIPATING INDIVIDUAL FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY. MONTHLY INCOME BEGINS ON ANNUITY START DATE. DEATH BENEFIT PAYABLE BEFORE ANNUITY START DATE. ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, the Certificate provides that in certain circumstancesWHEN BASED ON THE INVESTMENT EXPERIENCE OF A SUBACCOUNT, the discounted value of the remaining payments, if any, will be calculated and paid in one sum. BASIS OF COMPUTATION The actuarial basis for the Table of Guaranteed Annuity Rates is the 1983a Annuity Mortality Table, without projection with interest at 3.5%. The Table of Guaranteed Annuity Rates does not include any applicable premium taxARE VARIABLE AND ARE NOT GUARANTEED.

ANNUITY OPTIONS. Upon written election filed FIRST OPTION - Life Annuity - An Annuity payable during the lifetime of the Annuitant, ceasing with the Company at its Annuity Service Center, all or part of the Contract Value may be applied to provide one of the following options or any Annuity Option that is mutually agreeable. The portion of the Contract Value which is in the Fixed Account immediately last payment due prior to the death of the Annuitant. SECOND OPTION - Life Annuity Date, applied to an annuity may be subject to with a Market Value Adjustment. See ACCUMULATION PROVISIONS Cash Refund - MARKET VALUE ADJUSTMENT for further details. OPTION 1 - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Monthly payments An Annuity payable to the Payee during the lifetime of the Annuitant. No further payments are payable after At the death of the Annuitant and there is no provision for a Death Benefit payable Annuitant, any remaining value will be paid to the Beneficiary. The remaining value equals the Contract Value applied on the Annuity Commencement Date, minus the dollar amount of Annuity payments already paid and Premium Taxes. THIRD OPTION 2 - JOINT AND SURVIVOR LIFE ANNUITY Monthly payments Life Annuity with Payments for a Period Certain (5 years to 100 years minus Annuitant's age) - An Annuity payable to the Payee during the joint lifetime for a fixed number of the Annuitant and a designated second person years and during the lifetime of the survivorAnnuitant. If a reduced payment to the survivor is desired, Variable Annuity payments, will be determined using either one-half or two-thirds of the number of each type of Annuity Unit credited to the Certificate. Fixed monthly payments, will be equal to either one-half or two-thirds of the fixed monthly payment payable during the joint lifetime of the Annuitant and the designated second person. OPTION 3 - JOINT AND SURVIVOR LIFE ANNUITY - 120 MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the joint lifetime of the Annuitant and designated second person and continuing during the remaining lifetime of the survivor, with the guarantee that if, at the death of the survivor, payments have been made for less than 120 monthly periods, any remaining guaranteed annuity payments will be continued to the Beneficiary named on the Annuity Option Selection Form. In the event of death of the Annuitant and the designated second person under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining guaranteed annuity payments, if any, will be calculated and paid in one sum. OPTION 4 - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED An annuity payable monthly to the Payee during the lifetime of the Annuitant with the guarantee that ifIf, at the death of the Annuitant, payments have been made for less than the 120 or 240 monthly periods, as period selected, the remaining payments will be made to the Beneficiary or the Beneficiary can elect to receive the present value of the remaining payments in one sum. To calculate the present value We will use an interest rate We determine in Our discretion. FOURTH OPTION - Joint and Last Survivor Life Annuity - An Annuity payable during the joint lifetime of the Annuitant and a Joint Annuitant, and thereafter during the remaining lifetime of the survivor Annuitant. At the time of electing this option, the Contract Owner may elect reduced payments over the remaining lifetime of the survivor Annuitant. Payments will cease with the last payment prior to the death of the survivor. FIFTH OPTION - Joint and Last Survivor Life Annuity with Payments for a Period Certain (5 years to 100 years-age) - An Annuity payable for a fixed number of years and during the lifetimes of the Annuitant and the Joint Annuitant and thereafter during the remaining lifetime of the survivor. At the time of electing this Annuity Option, the Contract Owner may elect reduced payments over the remaining lifetime of the survivor. If, at the death of the last surviving Annuitant, payments have been made for less than the period selected, the remaining payments will be made to the Beneficiary, or the Beneficiary can elect to receive the present value of the remaining payments in one sum. To calculate the present value We will use an interest rate We determine in Our discretion. SIXTH OPTION - Payments for a Period Certain (5 years to 100 years minus Annuitant's age) - An Annuity payable xxx x xxxed number of years with period of 10 years or greater available at any time and periods of 5 to 10 years available on or after the second Contract Year. Payments will be made for the period and frequency selected. If, at the death of the Annuitant, payments have been made for less than the period selected, the remaining payments will be made to the Beneficiary or the Beneficiary can elect to receive the present value of the remaining payments in one sum. To calculate the present value We will use an interest rate We determine in Our discretion. SEVENTH OPTION - Annuity Proceeds Annuity Option - Amounts otherwise payable as a Death Benefit left in the Contract for a period not to exceed five years from the date of any Contract Owner or Annuitant's death prior to the Annuity Commencement Date. The amounts otherwise payable as a Death Benefit will remain in the same manner Guarantee Period and continue to earn the same interest rate as provided under OPTION 3 aboveat the time of death. If the Guarantee Period ends before the end of the five year period, the Beneficiary may elect a new Guarantee Period with a duration closest to, but not to exceed the time remaining in the period of five years from the date of the Contract Owner's or Annuitant's death. Full or partial surrenders may be made at any time. In the event of death of the Annuitant under this optionany surrender, the Certificate provides that in certain circumstancesremaining value will equal the Death Benefit left with Us, the discounted value of the remaining paymentsminus any Gross Surrender Values, if any, will be calculated and paid in one sum. OPTION 5 - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Fixed monthly payments payable to the Payee for plus any specified period of time (three (3) years or more, but not exceeding thirty (30) years), as elected. The election must be made for full twelve month periods. In the event of death of the Payee under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining payments, if any, will be calculated and paid in one sum. BASIS OF COMPUTATION The actuarial basis for the Table of Guaranteed Annuity Rates is the 1983a Annuity Mortality Table, without projection with interest at 3.5%. The Table of Guaranteed Annuity Rates does not include any applicable premium taxearned.

ANNUITY OPTIONS. Upon written election filed with the Company at its Annuity Service Center, all or part The Annuitant may elect to have payments made under any of the Contract Value options listed below. Payments may be applied to provide one received on either a fixed or a variable basis, or a combination of the following options or any Annuity Option that is mutually agreeablefixed and variable bases. The portion of the Contract Value which is in the Fixed Account immediately prior to the Annuity Date, applied to an FIRST OPTION -- LIFE ANNUITY -- An annuity may be subject to a Market Value Adjustment. See ACCUMULATION PROVISIONS - MARKET VALUE ADJUSTMENT for further details. OPTION 1 - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee monthly during the lifetime of an Annuitant, ceasing with the Annuitant. No further payments are payable after last monthly payment due prior to the death of the Annuitant and there is no provision for a Death Benefit payable to the BeneficiaryAnnuitant. SECOND OPTION 2 - JOINT AND SURVIVOR -- LIFE ANNUITY Monthly payments WITH 60, 120, OR 180 MONTHLY PAYMENTS GUARANTEED -- An annuity payable to the Payee during the joint lifetime of the Annuitant and a designated second person and monthly during the lifetime of the survivor. If a reduced payment to the survivor is desired, Variable Annuity payments, will be determined using either one-half or two-thirds of the number of each type of Annuity Unit credited to the Certificate. Fixed monthly payments, will be equal to either one-half or two-thirds of the fixed monthly payment payable during the joint lifetime of the Annuitant and the designated second person. OPTION 3 - JOINT AND SURVIVOR LIFE ANNUITY - 120 MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the joint lifetime of the Annuitant and designated second person and continuing during the remaining lifetime of the survivoran Annuitant, with the guarantee that if, at the death of the survivor, payments have been made for less than 120 monthly periods, any remaining guaranteed annuity payments will be continued to the Beneficiary named on the Annuity Option Selection Form. In the event of death of the Annuitant and the designated second person under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining guaranteed annuity payments, if any, will be calculated and paid in one sum. OPTION 4 - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED An annuity payable monthly to the Payee during the lifetime of the Annuitant with the a guarantee that if, at the death of the Annuitant, payments have been made for less than the 120 or 240 monthly periods, as number of months selected, annuity payments will be made in continued thereafter to a Beneficiary designated by the same manner as provided under Annuitant during the remainder of the certain period. THIRD OPTION 3 above. In -- UNIT REFUND LIFE ANNUITY -- An annuity payable monthly during the event lifetime of the Annuitant, ceasing with the last monthly payment due prior to the death of the Annuitant under this optionAnnuitant. At the death of the Annuitant, the Certificate provides that in certain circumstances, the discounted value of the remaining paymentsBeneficiary may receive an additional payment. The additional payment, if any, is equal to the then current value of any Annuity Units credited to the Contract at the Annuity Date which have not theretofore been paid out in the form of Annuity Payments. For the purposes of this Option, the number of Annuity Units credited to the Contract at the Annuity Date will be calculated and paid in one sum. OPTION 5 - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Fixed monthly payments payable the total value applied to this Option divided by the Payee for any specified period of time (three (3) years or more, but not exceeding thirty (30) years), as elected. The election must be made for full twelve month periods. In Annuity Unit value at the event of death of date used to calculate the Payee under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining payments, if any, will be calculated and paid in one sum. BASIS OF COMPUTATION The actuarial basis for the Table of Guaranteed First Annuity Rates is the 1983a Annuity Mortality Table, without projection with interest at 3.5%. The Table of Guaranteed Annuity Rates does not include any applicable premium taxPayment.

ANNUITY OPTIONS. Upon written election filed with the Company at its Annuity Service Center, all or part The Participant may elect to have payments made under any of the Contract Value may be applied to provide one of the following options Options below or any Annuity Option that other option which is mutually agreeable. The portion of the Contract Value which is in the Fixed Account immediately prior to the Annuity Date, applied to an annuity Payments may be subject to received on either a Market Value Adjustmentfixed or a variable basis, or both, except that payments under the Fifth Option must be made on a fixed basis. See ACCUMULATION PROVISIONS - MARKET VALUE ADJUSTMENT for further details. FIRST OPTION 1 - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant and there is no provision for a Death Benefit payable to the Beneficiary. OPTION 2 - JOINT AND SURVIVOR -- LIFE ANNUITY Monthly payments payable to the Payee during the joint lifetime of the Annuitant and a designated second person and during the lifetime of the survivor. If a reduced payment to the survivor is desired, Variable Annuity payments, will be determined using either one-half or two-thirds of the number of each type of Annuity Unit credited to the Certificate. Fixed monthly payments, will be equal to either one-half or two-thirds of the fixed monthly payment payable during the joint lifetime of the Annuitant and the designated second person. OPTION 3 - JOINT AND SURVIVOR LIFE ANNUITY - 120 MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the joint lifetime of the Annuitant and designated second person and continuing during the remaining lifetime of the survivor, with the guarantee that if, at the death of the survivor, payments have been made for less than 120 monthly periods, any remaining guaranteed annuity payments will be continued to the Beneficiary named on the Annuity Option Selection Form. In the event of death of the Annuitant and the designated second person under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining guaranteed annuity payments, if any, will be calculated and paid in one sum. OPTION 4 - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED -- An annuity payable monthly to the Payee during the lifetime of the Annuitant Annuitant's life. Payments shall cease with the guarantee that iflast one due before the Annuitant's death. SECOND OPTION -- LIFE ANNUITY WITH 60, 120, OR 180 MONTHLY PAYMENTS GUARANTEED -- An annuity payable monthly during the Annuitant's life. If, at the death of the Annuitant, payments have been made for less than the 120 or 240 monthly periods, as number of months selected, payments will be made in to a Beneficiary for the same manner as provided under OPTION 3 above. In the event of death rest of the Annuitant guaranteed period. THIRD OPTION -- UNIT REFUND LIFE ANNUITY -- An annuity payable monthly during the Annuitant's life. Payments cease with the last one due before the Annuitant's death. At the Annuitant's death the Beneficiary may receive an additional payment. The payment under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining paymentsa Fixed Annuity, if any, will be calculated and paid in one sum. OPTION 5 - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Fixed monthly payments payable is equal to the Payee for any specified period of time (three (3) years or more, but not exceeding thirty (30) years), as elected. The election must be made for full twelve month periods. In the event of death of the Payee under this option, the Certificate provides that in certain circumstances, the discounted Fixed Annuity value of the remaining Participant's Account at the Annuity Date which has not previously been paid out in the form of annuity payments. The payment under a Variable Annuity, if any, will be calculated and is equal to the then current value of any Annuity Units which have not been paid out in one sumthe form of annuity payments. BASIS OF COMPUTATION The actuarial basis for number of Annuity Units at the Table of Guaranteed Annuity Rates Date is the 1983a total value applied to this Option divided by the Annuity Mortality Table, without projection Unit value used to calculate the first annuity payment. FOURTH OPTION -- JOINT AND LAST SURVIVOR ANNUITY -- An annuity payable monthly during the joint lives of the Annuitant and a named second person and thereafter during the life of the survivor. FIFTH OPTION -- PAYMENTS FOR A DESIGNATED PERIOD -- An annuity payable monthly for a selected number of years between three and thirty. Any Option chosen by the Participant must comply with interest at 3.5%. The Table of Guaranteed Annuity Rates does not include any applicable premium taxtax laws and regulations.

ANNUITY OPTIONS. Upon written election filed with the Company at its Annuity Service Center, all or part of the Contract Value may be applied to provide one of the following options or any Annuity Option that is mutually agreeable. The portion of the Contract Value which is in the Fixed Account immediately prior to the Annuity Date, applied to FIRST OPTION We will pay an annuity may be subject to a Market Value Adjustment. See ACCUMULATION PROVISIONS - MARKET VALUE ADJUSTMENT income for further details. OPTION 1 - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the lifetime of the Annuitant. No further payments are payable after , ceasing with the last payment due prior to the death of the Annuitant and there is no provision Annuitant. SECOND OPTION We will pay an income for a Death Benefit payable to the Beneficiary. OPTION 2 - JOINT AND SURVIVOR LIFE ANNUITY Monthly payments payable to the Payee during the joint lifetime of the Annuitant and a designated second person and during the lifetime of the survivor. If a reduced payment to the survivor is desired, Variable Annuity payments, will be determined using either one-half or two-thirds of the number of each type of Annuity Unit credited to the Certificate. Fixed monthly payments, will be equal to either one-half or two-thirds of the fixed monthly payment payable during the joint lifetime of the Annuitant and the designated second person. OPTION 3 - JOINT AND SURVIVOR LIFE ANNUITY - 120 MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the joint lifetime of the Annuitant and designated second person and continuing during the remaining lifetime of the survivorAnnuitant, with the guarantee that if, we will make payments for at least 10 or 20 years. You select either the death of the survivor, payments have been made for less than 120 monthly periods, any remaining guaranteed annuity payments will be continued to the Beneficiary named on the Annuity Option Selection Form10 or 20 year guarantee period. In the event of death of the Annuitant and the designated second person under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining guaranteed annuity payments, if any, will be calculated and paid in one sum. OPTION 4 - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED An annuity payable monthly to the Payee during the lifetime of the Annuitant with the guarantee that if, at the death of the Annuitant, If payments have been made for less than the 120 10 or 240 monthly periods20 year guarantee period at the Annuitant's death, as selectedwe will pay the balance of the guaranteed payments to the Beneficiary or Beneficiaries for the rest of the guaranteed period. If the guaranteed payments have been paid, the payments will be made in stop with the same manner as provided under last payment due before the Annuitant's death. THIRD OPTION 3 aboveJoint and Survivor Life Annuity - We will pay an income during the joint lifetime of two Annuitants. In After the event death of one of the Annuitants, we will continue the payments for the lifetime of the surviving Annuitant. The payments will stop with the last payment due before the death of the last surviving Annuitant. OTHER OPTIONS May be available with our consent. ANNUITY TABLES DESCRIPTION OF The attached tables show the minimum dollar amount of the first TABLES monthly payment for each $1,000 applied under the first, second and third annuity options. Under the first or second options, the amount of each payment will depend upon the adjusted age and sex of the Annuitant under this at the time the first payment is due. Under the third option, the Certificate provides that in certain circumstances, amount of each payment will depend upon the discounted value sex of both Annuitants and their adjusted ages at the time the first payment is due. The adjusted age of the remaining Annuitant is determined by calculating the age at the nearest birthday of the Annuitant on the annuity start date and subtracting a number that depends on the year in which the annuity start date belongs: Annuity Start Date Adjusted Age is Age Minus Before 2001 0 2001 to 2010 1 2011 to 2020 2 2021 to 2030 3 2031 to 2040 4 After 2040 5 Once the Owner has elected an annuity option, that election may not be changed with respect to any Annuitant following the commencement of annuity payments, if any, will be calculated and paid . MINIMUM PAYMENT The option elected must result in one sum. OPTION 5 - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Fixed monthly payments payable a payment that is at least equal to the Payee for minimum payment amount according to our rules then in effect. If at any specified period of time (three (3) years or moretime, but not exceeding thirty (30) years), as elected. The election must payments to be made for full twelve month periodsto any payee are or become less than the minimum payment amount, we have the right to change the frequency of payment to such interval as will result in a payment at least equal to the minimum. In If any amount due would be less than the event of death of minimum payment amount per year, we may make such other settlement as may be equitable to the Payee under this option, the Certificate provides that in certain circumstances, the discounted value of the remaining payments, if any, will be calculated and paid in one sum. BASIS OF COMPUTATION The actuarial basis for the Table of Guaranteed Annuity Rates is the 1983a Annuity Mortality Table, without projection with interest at 3.5%. The Table of Guaranteed Annuity Rates does not include any applicable premium taxpayee.